The Austrian Erste Group's revenues increased, but its net profit rose only slightly in the first three quarters due to higher bank levies, the bank told MTI on Friday. The Erste Group performed well in the first nine months of 2025. Despite falling interest rates in its primary markets, net interest income rose by 3% […]
The SPP Group's after-tax profit for the first nine months of 2025 was EUR 31.3 million, EUR 15.2 million higher than in the first nine months of 2024. In the first quarter of 2025, the Slovakian properties added to the portfolio contributed EUR 13.7 million to the result, accounting for the majority of the increase, […]
Cable maker Fux inaugurated a HUF 2 billion production hall at its base in Miskolc (NE Hungary) on Thursday. Hungarian taxpayers covered 10% of the costs as the government provided HUF 200 million of non-refundable funding to the project through the Demján Sándor Program matching support scheme. At the inauguration ceremony, National Economy Minister Márton […]
Masterplast Group, the largest Hungarian-owned building materials manufacturing company in the Central European region, published its Q3 quarterly report on the website of the Budapest Stock Exchange. The report states that during the summer months, the construction market was characterised by subdued activity, similar to previous periods, followed by a marked recovery in September. The […]
Real estate developer WING and Accent Hotel Management have signed a strategic agreement to efficiently operate joint hotel projects in Hungary, the companies told MTI. They note that the cooperation between the two companies is not new: WING and Accent's first joint hotel project was the Best Western Plus Lakeside Hotel in Székesfehérvár, which opened […]
The cornerstone was laid for a HUF 800m expansion of an industrial park in Bonyhád (SW Hungary) this Wednesday. The businesses operating in the Völgység (Valley) Industrial Park employ over a thousand people and plan to expand their businesses, In the Völgység Industrial Park, infrastructure developments are being carried out with the support of HUF […]
MOL Plc. has notified market participants on the website of the Budapest Stock Exchange that MOL Group’s Board of Directors and Supervisory Board decided to initiate the reorganization of the Group by switching to a Holding structure and at the same time also decided to convene an Extraordinary General Meeting for 27 November 2025. The […]
The balance of power in the global meat industry has shifted, with chicken meat emerging as the winner of the past decade. Returning from the ANUGA food industry trade fair in Cologne, László Bárány, managing director and owner of Master Good, said that the poultry sector is set to grow by at least 25% over […]
The real estate broker Duna House Group is to continue operations as DH Group, with a revamped image and a new website, MTI reported on Monday. The company says its name is expected to officially change at the general assembly in November. Duna House, founded as a family business in 1998, has long outgrown the […]
South Korean Shinheung's capacity expansion in Monor has created 700 jobs, further strengthening Hungary's role in the electric car industry revolution. That is according to Péter Szijjártó, Minister of Foreign Affairs and Trade, who spoke at the handover of the project in Monor, southeast of Budapest. The South Korean battery component manufacturer's HUF 45 billion […]
Mercedes-Benz is improving its manufacturing efficiency to prepare its plants for the most comprehensive product offensive in the company's history, the company told MTI on Friday. The German carmaker is investing more than EUR 2 billion in modernizing its European factories, with automation and digitalization expected to reduce costs by 10%. According to the announcement, […]
Citibank will continue to expand its activities in Hungary, the Ministry of Foreign Affairs and Trade said in a social media post on Friday. According to the Ministry, an agreement on this was reached at a meeting with the group's CEO that Citibank would continue to expand its activities in Hungary, creating jobs, with the […]
AutoWallis has moved to new offices. The region's leading car dealership and mobility company has found a new home in the Liberty office building, located at one of the capital's busiest transport hubs. According to the announcement, the move is a significant step towards more efficient operations, which is an important part of the company's […]
AutoWallis Group’s vehicle sales rose significantly, by 8.4% in the first nine months of the year. The growth was primarily driven by the Retail Business Unit, which expanded by more than 21%, while the Distribution Business Unit also outperformed last year’s figure by 2.5% after catching up with earlier quarters. The strong sales performance of […]
Swedish medical technology and plastic components manufacturer Nolato has completed a major production capacity expansion in Hungary, and announced new plans for further expanding its footprint in the country, the Hungarian Investment Promotion Agency (HIPA) reports. The investment worth EUR 21.2 million, close to 15% of which is covered by Hungarian taxpayers through a government […]
